PSP Worldwide Logistics London Paul Kelly, Author at PSP Worldwide Logistics London

Cargo owners may face bill for Baltimore bridge collision

Shippers with cargo aboard the Dali face significant financial risks if, as looks increasingly likely, the shipowner declares “general average” due to the huge losses caused by the accident. General average refers to a legal principle in maritime law under…

Post-Brexit border checks will boost food inflation

Delayed five times already, post-Brexit physical border checks on animal products, plants and plant products will finally start on the 30th April, but newly-revealed costs are bad news for consumers and small businesses. Announced last week by Defra, the UK’s…

Maersk vessel collapses Baltimore bridge

At 05:30 GMT this morning a 10,000 TEU vessel operated by Maersk collided with the Francis Scott Key Bridge in Baltimore, sending a significant section of the bridge into the Patapsco River with at least six people unaccounted for and…

Market review; 14th March

Heading into the post Lunar New Year slack period sea freight spot rates retained most of their recent gains and while Drewry’s World Container Index dropped slightly in March it remains 80% higher than 2023 and 130% more than average…

OCEAN Alliance quell rumours

Sending a clear message of stability, after Hapag Lloyd’s defection, the four remaining carriers in the OCEAN Alliance have formally agreed the continuation of their alliance until at least 31st March 2032. Founded in 2017 under a 10-year deal, the…

Sea freight review

Global shipping schedule reliability dropped sharply in January due to the Red Sea impact, with just 51% of vessels arriving on time. Outside of the pandemic disruptions this is extremely low – pre-pandemic normality tended to be between 70-80%. Of…

Shipping alliances may be ending

Maersk is joining with Hapag-Lloyd to form The Gemini Cooperation, in a move that will shake up the East-West container shipping market, with changes likely to last into the early 2030’s. Since announcing the breakup of its 2M Alliance with…

2024 off to a flyer for air freight

Concerns about Red Sea supply chain delays combined with the early Lunar New Year contributed to a 10% increase in air cargo volumes in January, putting pressure on rates on many routes, including from Asia into Europe and the US.…